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2242 Foxhill Dr Martinez, CA 94553

3 Beds 3 Baths 1,816 sqft Built 1988

$789,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $434.47
  • 6 Days on Market
  • MLS # : CC40933834
  • Updated Date : 01/14/2021 at 14:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,816 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

Very desirable Sunrise Hills location, in a pristine community with a very affordable HOA offering the benefits of community amenities such as a sparkling community pool and clubhouse. This adorable home features windows galore and very thoughtful updates throughout including a newly painted interior, new carpets upstairs and beautiful, yet durable, bamboo wood floors downstairs. The heart of the home is the kitchen which features stainless steel appliances, solid stone countertops, updated cabinets and hand-milled window seating - hip, cozy and very functional. Best of all is perhaps the fact that this home is absolutely turn key with an easy to maintain and newly landscaped back yard including beautiful pavers, plus no rear neighbors for additional privacy. Won't last!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94553

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $233k1015k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 94553

ZipNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16243193

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Hidden Valley Elementary School Primary Regular 806 30 6
Valley View Middle School Middle Regular 835 38 6
College Park High School High Regular 2,022 81 9

Hidden Valley Elementary School

  • Education Level: Primary
  • # of students: 806
  • # of teachers: 30
6
GreatSchools Rating

Valley View Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 38
6
GreatSchools Rating

College Park High School

  • Education Level: High
  • # of students: 2,022
  • # of teachers: 81
9
GreatSchools Rating
 

$710,100$867,900$789,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,740
Property Tax -$875
Property Insurance -$71
HOA -$135
Property Management Fees -$149
CASH FLOW
-$960

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$789,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$214,835

INVESTMENT

$214,835

Down Payment
$197,250
Rehab Estimate
$5,750
Closing Costs
$11,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,740

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $197,250
Loan Amount $591,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,304

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,010

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $3,037

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$3,0103$3,1504$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 2242 Foxhill Dr Martinez, CA 2
    • 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,010
    • $1.66
    •  
  • 402 Camelback Road Pleasant Hill, CA 1
    • 3 beds 3 baths ∙ 1,583 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,583 Sqft ∙ Built 1981
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.67
    •  
  • 4880 Shadowfalls Martinez, CA 3
    • 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1988
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.77
    •  
  • 135 Elder Dr Pacheco, CA 4
    • 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1995
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.62
    •  
  • 1817 Roux Ct Martinez, CA 5
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1991
    property image
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.63
    •  
PROPERTY LISTING DETAILS
Kelley Krock
Redfin
BESbswy